Australian building products company James Hardie Industries is buying the U.S. outdoor products maker AZEK in a cash-and-stock deal valued at approximately $8.75 billion, including $386 million in debt.

It’s the second major acquisition in the building supplies sector in less than a week, with QXO Inc. saying on Thursday that it was buying Beacon Roofing Supply Inc. in a deal worth about $11 billion, including debt.

James Hardie shareholders will own about 74% of the combined company, with AZEK stockholders owning 26%. AZEK is based in Chicago.

The boards of both companies have unanimously approved the transaction, which is expected to close in the second half of the year. The deal still needs AZEK shareholder approval. — Associated Press